Many auto manufacturers are coming out with small cars to the Indian market. Now Toyota Kirloskar Motor is planning to launch a small car by 2010. The company has set up a foundation for its second plant divulged by Karnataka Chief Minister B. S. Yediyurappa.
The Senior Managing Director, Toyota Motor Corporation, Mr. Akira Okabe said, “We started modestly in 1997, producing 27,000 vehicles and increased the production by an average of 18 per cent a year since then. The transmission plant in Bangalore exported 57,000 assemblies last year to Toyota production centers in several countries.”
He also added that when the compact car production begins, the Toyota would scale up its investment, equipment and the dealer network to match the Indian market. Our new car plant will be eco-friendly, using low-carbon technology to minimize effluents and also wind and solar energy back-ups.
However, the new plant will have a capacity to ramp around one lakh cars a year. So far, the Toyota has made investments of Rs. 1,400 crore and has employed 3,000 persons. Now there would be additional 2,400 jobs to be created for this new plant.
Mr. Vikram S. Kirloskar, Vice-Chairman, The Toyota Kirloskar said, “Manufacturing the small car or new variants of the Corolla and Innova would be easier for the company because of its flexible production system. The actual numbers of the small car will depend on the market, we will make the small car not only for India but also for exports”.
Currently many auto manufacturers are planning to roll out small cars mainly to boost their sale which is badly affected due to inflation.